“The approval of Tolmount is the latest in a series of moves by oil and gas companies showing their commitment to the North Sea, traditionally a high-cost environment which is experiencing a revival as costs have fallen.”
North Sea
North Sea supply chain needs oil firms to increase activity quickly (The Herald Scotland)
Some investors who were long O&G after the downturn are cautiously enjoying returns as majors report profitable earnings on trimmed operations (e.g. BP, Shell, Total, Equinor, ConocoPhillips). “BP stoked interest in the exploration potential of the North Sea in January when it announced it had made two finds and said it expected to double production […]